Currency pair USD/RUB is trading at 65.51. Quotes of the pair are trading below the moving average with a period of 55, which indicates the presence of a bearish trend for the Dollar/Ruble. At the moment, the pair quotes are moving near the lower border of the Bollinger Bands indicator bands. A test of level 67.20 is expected, from which one can expect an attempt to continue to fall and further develop a downward trend with a target near the level of 61.50.
USD/RUB weekly forecast on October 1 — 5, 2018
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 70.50. Cancellation of the option to continue the fall of the pound pair Dollar/Ruble will be the breakdown of the upper border of the Bollinger Bands indicator, as well as the moving average with a period of 55 and closing of the pair quotes above 71.00, indicating a change in trend in favor of bullish for Dollar/Ruble. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.
